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Turners Automotive Group

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This is a basic profile of an NZX50 listed company. It is not investment advice. We recommend you contact a qualified adviser if you need more information.

Turners Automotive Group

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NZX code: TRA
Short name: Turners
Legal name: Turners Automotive Group
Industry sector: Automotive
NZX50 rank: 48 of 50
Head office address: P.O Box 112-022
Penrose, Auckland 1642
New Zealand
Chairman: Grant Baker
Chief executive: Todd Hunter
Financial year ended: March
Locations: New Zealand
Auditor: Bakertilly
Bankers: ANZ

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Financial statement history
 

A. Recent trading and performance summary:

  Total
revenue
NPAT Earnings
per share
fye March mln mln cents
2018 $325 $23 29.3
2019 $328 $23 26.2
2020 $332 $21 24.4
2021 $297 $27 31.4
2022 $342 $31 36.4
2023 $389 $33 37.6

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B. Recent financial position summary:

  Total
assets
Total
Liabilities
Equity
ratio
fye March mln mln %
2018 $652 $437 32.9
2019 $654 $428 34.6
2020 $708 $485 31.5
2021 $718 $485 32.5
2022 $826 $573 30.6
2023 $852 $580 31.9

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C. Recent cash flows and positions:

  Cash
inflows
Cash
outflows
Cash and equiv. 
at year end
fye March mln mln mln
2018 $164 $83 $25.2
2019 $74 $12 $15.9
2020 $46 $55 $32.8
2021 $114 $32 $11.9
2022 $146 $70 $13.3
2023 $74 $70 $11.9

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D. Recent key ratio analysis:

  Earnings
per share
Price:
Earnings
ratio
NTA
/share
Dividend
yield
fye March cents annual avg dollars annual avg %
2023 0.37 12.69 1.47 7.1

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Description of trading activities 

Turners Automotive Group was formed in 2014, merging New Zealand's largest vehicle and machinery retailer, Turners Auctions with Finance and insurance company Dorchester Pacific. TRA is currently New Zealand's largest buyer and seller of vehicles, with a car sold every 6 minutes. TRA provides automotive retail, Finance, Insurance, and Credit Management.

Chairman profile

Grant Baker has a range of success in senior positions for both public and private Kiwi companies. Baker was involved in a number of successful business ventures including 42 below Vodka, and Trilogy international. Currently holding 7.44% of the shareholding, Baker has a long term commitment to TRA. Baker has been the Chairman of TRA since September of 2009.

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CEO profile

Todd Hunter has a background in marketing, sales, and accounting both completing a career in international, and regional waters. Prior to joining TRA, Hunter worked for Microsoft New Zealand, and Ernest and Young. Hunter has been the CEO of TRA since 2016. Hunter is also a Chartered accountant, and holds a Bachelor and Diploma of commerce from The University of Auckland.


Links:

Company website: https://www.turnersautogroup.co.nz/
Investor information: https://www.turnersautogroup.co.nz/investor-centre/
NZX listing: https://www.nzx.com/instruments/TRA
Annual reports: https://www.turnersautogroup.co.nz/annual-interim-reports/

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